This week, Cardano price started a steady increase from the $0.3550 zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.355 and $0.360 levels. It even broke the $0.365 level and settled above the 55 simple moving average (4 hours). There was a clear move above the 50% Fib retracement level of the downward move from the $0.3803 swing high to the$0.3564 low. Besides, there was a break above a key bearish trend line with resistance near $0.362 on the 4-hours chart.